Suburb Profile Report for Hamlyn Heights VIC (3215)

Hamlyn Heights House: Median price $455,000, Annual capital growth 6.98%, Number of sales 134, Weekly median advertised rent $350

Hamlyn Heights Unit: Median price $328,000, Annual capital growth 4.13%, Number of sales 30, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Hamlyn Heights is in the TOP 30% in VIC when comparing median price capital growth over the last year. Hamlyn Heights gave property investors a good capital gain figure when compared to the rest of the state, with 16.52%.

Taking the average capital gain, or increase in median house value, Hamlyn Heights,3215 has racked up an average of 16.52% over the period. This ranks it number 1536th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Hamlyn Heights is giving property investors an average Vendor Discount of around -4.80%. This puts suburb at number 362th in VIC when ranking the most discounted suburbs.

The VIC suburb of Hamlyn Heights, 3215 is in the Greater Geelong local government area.

At number 118th in the list of Australian suburbs ordered by increase in median house value over the last year, Hamlyn Heights, 3215 is in the top 10% with a property value increase of 21.93% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hamlyn Heights has increased when compared to the 5 year average annual rate.

Property buyers and investors in Hamlyn Heights 3215 should be seeing an average reduction in asking price of around -5.20% . This means that Hamlyn Heights is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.13%, investors should hope to achieve an overall return of 4.76%

Metrics i HOUSE UNIT
$455,000 $328,000
6.93% 0.31%
16.52% 21.93%
6.98% 4.13%
$350 $300
134 30
4.00% 4.76%
57.29 75.16

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6074
Median household income ($/weekly) 1026
Median age of persons 40
Median housing loan repayment ($/monthly) 1473
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 681 11.2
    25-34 years 753 12.4
    35-44 years 846 13.9
    45-54 years 817 13.4
    55-64 years 647 10.7
    Others 2331 38.4
    Age Group
    Census Count Percent(%)
    Registered Married 2129 46.7
    Not Married 1998 43.8
    Defacto Relationship 431 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4770 83.2
    Greece 67 1.2
    Japan 91 1.6
    United Kingdom 194 3.4
    Other 180 3.1
    Others 433 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 0.9
    Christianity 4204 76.0
    Islam 36 0.7
    Other Religious Groups 23 0.4
    No Religion 1201 21.7
    Others 17 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 289 13.2
    $600-$799 230 10.5
    $800-$999 218 10.0
    $1,000-$1,249 209 9.6
    $1,500-$1,999 243 11.1
    Others 995 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1755 36.9
    Employed, worked full-time 1729 36.3
    Employed, worked part-time 928 19.5
    Employed, away from work 194 4.1
    Unemployed, looking for work 155 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 519 18.2
    Technicians & trades workers 471 16.5
    Community & personal service workers 334 11.7
    Clerical & administrative workers 403 14.2
    Sales 301 10.6
    Others 818 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 104 7.8
    Infants/Primary 439 33.1
    Secondary 372 28.1
    Technical or Further Educational Institution 145 10.9
    University or other Tertiary Institutions 219 16.5
    Others 47 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5237 92.7
    Semi-detached, row or terrace house, townhouse 220 3.9
    Flat, unit or apartment 195 3.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 996 42.7
    Being purchased 783 33.5
    Rented 545 23.4
    Other tenure type 10 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals